Global Voice Recognition Market industry valued approximately USD 54.8 billion in 2016 is anticipated to grow with a healthy growth rate of more than 11.35% over the forecast period 2017-2025. The major factors driving the growth are rising need for Voice Recognition worldwide, aim to enhance security in automobile industry and home security products i.e. door lock systems and camera systems.

The objective of the study is to define market sizes of different segments & countries in previous years and to forecast the values to the next eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry with respect to each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as drivers & restraining factors which will define the future growth of the market. Additionally, it will also incorporate the opportunities available in micro markets for stakeholders to invest, detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

Some of the key manufacturers involved in the market are Advanced Voice Recognition Systems, Inc., Amazon.com, Inc., Api.ai, Baidu, Inc., CastleOS Software, LLC, Agnitio S.L., Anhui USTC iFlytek Co., Ltd., Apple, Inc., BioTrust ID B.V., and Facebook, Inc. Acquisitions and effective mergers are some of the strategies adopted by the key manufacturers. New product launches and focuses on continuous technology innovations are also strategies adopted by the major players. The companies are also trying to dominate the market by investing in research and development.